Z2SC34 trade ideas
$ZS ZScaler could fly by 35%!NASDAQ:ZS
Price is trading at 75% lower than All time high.
At 1W Time Frame 5 continous green candles with an above average volume after touching the 100$ (psychological support)
At 1D, a Cup has been formed. Currently a bullish flag is formed while volume is decreasing until 02.03.2023 (earnings).
After earnings, the stock has experienced -10% in pre-market.
4H A huge buy side volume has been showed up, which a good sign
1H shows us that the 4H Buy Volume is actually showing more sellers than buyers and sometimes undecision (Dojis)
Action Plan: We will keep an eye on it and wait for the breakout from the bullish flag
ZS Zscaler, Inc. Options Ahead Of EarningsLooking at the ZS Zscaler, Inc. options chain ahead of earnings , i would buy the $119 strike price Puts with
2022-12-2 expiration date for about
$2.01 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$ZS - Can it break out?In a broadening wedge. Attempted to breakout. ER was good enough. But the stock is selling off AF and at $130. Could be a potential break out play.
Target 1 - $145
Target 2 - $153
Target 3 - $183
Risk - Fall to $111 and worst case $80 gap fill.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
$ZS W$ZS W, in log since it looks better and look smarter. Current pa we're in, weekly flag measured move brings us to around 21.1.
Overall megaphone pattern with a measured move around $19 when we do get a break
141.40 is poc from covid and 47 is is poc from IPO
127 break and we can see free fall from volume gap and not much strong supports in between
we still up 340% from covid low
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8/10/22 ZSZscaler Inc ( NASDAQ:ZS )
Sector: Technology Services (Packaged Software)
Market Capitalization: $23.182B
Current Price: $180.41
Breakout Price: $186.75
Buy Zone (Top/Bottom Range): $169.90-$144.00
Price Target: $218.00-$224.00 (1st)
Estimated Duration to Target: 54-57d
Contract of Interest: $ZS 10/21/22 180c
Trade price as of publish date: $21.25/contract